H.R. 5755 · 114th Congress
LEADS Act of 2016
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
MesserSponsor10 cosponsors · 3 D, 7 R
R
Bucshon
SB
R
Brooks
TR
R
Rokita
ES
D
Swalwell
ES
R
Stefanik
TY
R
Young
AC
D
Carson
PV
D
Visclosky
RD
R
Davis
MM
R
McSally6 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Letter of Estimated Annual Debt for Students Act of 2016 or the LEADS Act of 2016
What it does: CRS summary · Introduced in House · Jul 13, 2016
Letter of Estimated Annual Debt for Students Act of 2016 or the LEADS Act of 2016
This bill amends the Higher Education Act of 1965 by requiring institutions of higher education to provide to each student with education loans for attending the institution an estimate of student loan borrowing costs, including: (1) the cumulative balance of education loans owed by the student, (2) the amount of new education loans expected to be disbursed during the year, (3) the projected cumulative balance of education loans that will be owed by the student after the student graduates, and (4) projected monthly payments to repay the loans. The estimates must be given to students before each academic year succeeding the one for which a loan was first received.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: LEADS Act of 2016
Also known as: Letter of Estimated Annual Debt for Students Act of 2016
Latest action (Sep 19, 2016): Referred to the Subcommittee on Higher Education and Workforce Training.
Policy area: Education · Origin: House · Introduced: Jul 13, 2016
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.